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Ansh777
Joined: 03 Nov 2019
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GMAT 1: 710 Q50 V36
Schools: Booth '24 Columbia CBS '24 Darden '24 Fuqua '24 Haas '24 Harvard '24 LBS '24 Stanford '24 Kellogg '24 Wharton '24
GMAT 1: 710 Q50 V36
Posts: 58
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152
09 Dec 2019, 10:34
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E
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Difficulty:
35%
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Question Stats:
67% (01:25) correct
33%
(01:32)
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If a man sells 2 articles in $1200 each. One of it at 20% profit while other at 20% loss than calculate overall profit or loss:
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100
09 Dec 2019, 22:12
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Ansh777
If a man sells 2 articles in $1200 each. One of it at 20% profit while other at 20% loss than calculate overall profit or loss:
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100
Explanation:
S.P of 1st Article: 1200
Profit is 20%
Let, C.P=X
1.2X=1200
X=1000
S.P of 2nd Article:1200
Loss is 20%
C.P= 0.8X=1200
X=1200/0.8=1500
Total C.P= 1500+1000 = 2500
Total S.P=1200+1200 = 2400
Total Loss= 2500-2400=100$
IMO-E
Please Give Kudos, If you find my explanation Good Enough 
